BioCatch’s Post

In a follow-up to our 2024 Digital Banking Fraud Trends in Brazil report released last month, Thomas Peacock takes a closer look at stolen device fraud in the country. Read his complete findings here: https://okt.to/C478Hx #FinancialCrime #FraudPrevention #BankingIndustry

The banking sector is facing a pressing issue with a notable surge in both the frequency and financial impact of fraud. The rise of digital transactions, including online loans, digital wallets, and mobile banking, coincides with an increase in fraud attempts. This heightened risk of personal data breaches has exposed vulnerabilities in the banking sector. #bankingfraud #fraudprevention #frauddetection #phishingattackprevention #integrityasia #scams

From digital banking to mobile payments, fraud can come from any direction. Clari5 protects your business by identifying and mitigating fraud across all channels—keeping your enterprise one step ahead of fraudsters. 🛡️ #GetClarified: connect@customerxps.com I www.clari5.com #FraudManagement #EnterpriseFraud

Add Alerts to your Digital Banking account to receive personalized notifications to your mobile device and/or email. Alerts help you track account activity like, “tell me when my balance falls under $100,” or “tell me when my loan payment is due,” plus other notifications that keep you informed and can help protect you against fraud. Watch this video to learn how to subscribe to Alerts in Digital Banking.

Add Alerts to your Digital Banking account to receive personalized notifications to your mobile device and/or email. Alerts help you track account activity like, “tell me when my balance falls under $100,” or “tell me when my loan payment is due,” plus other notifications that keep you informed and can help protect you against fraud. Watch this video to learn how to subscribe to Alerts in Digital Banking.

Session Monitoring Session monitoring uses similar techniques to identity #fraud, but it monitors aspects of the user session, whether it’s banking, e-commerce, or any other use case. Each session is monitored individually for abnormal or #suspicious behavior. This can both stop #fraudulent transactions and help protect legitimate customers from fraudulent purchases or transfers as well as theft of payment details or rewards points

🔒💡 Dive into the heart of digital trust! Learn from Identity Strategy Specialists at Ekata, a Mastercard company, about global fraud trends, reducing customer friction, and fortifying fraud prevention strategies. Watch our webinar on demand now: https://lnkd.in/eSwmpwvA #DigitalTrust #FraudPrevention #Fintech #Banking

£18.7 MILLION 🤯 That’s the number of monetary losses through mobile banking fraud cases in the UK in 2023 (cc. Statista) When compared to "just" £5.3 million in 2019, this significant increase is driven by our increased adoption of tech to support easier, quicker and less safe transfer of funds whenever and wherever we need. With ease and speed, comes a relaxed approach to security business and banks. So how can we stay ahead of the game? ---- Interested in learning more about how to implement these in your business? Drop me a DM to chat. #FraudFacts

71% uplift in 3DS scam detection in just 20 days! Brilliant results from this ThreatMetrix customer underline what is possible when different channels and departments share data effectively. This bank leveraged user historical and behavioural data gathered on their web and mobile banking channels, to better assess decisions at the Card Not Present/3DS touchpoint. Over £500k saved in 20 days. #fraud #fraudprevention #fraudawarness #scams #scamdetection #scamawarness

👏One week away!👏 Join our team on September 10th to discuss the critical issue of fragmented security in mobile banking apps and how to mitigate these threats. See you then! https://hubs.ly/Q02NBTG50 #FinTech #Banking #AppSecurity